Each such policy shall have a space for the name of the beneficiary designated with a reservation of the right to designate or change the beneficiary after the issuance of the policy. The policy may also provide that no designation or change of beneficiary shall be binding on the insurer until endorsed on the policy by the insurer and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer to have an insurable interest in the life of the insured.
Structure Code of Alabama
Chapter 17 - Burial Insurance Policies.
Section 27-17-1 - Applicability of Chapter; "Burial Insurance" Defined.
Section 27-17-2 - Policy Provisions - Generally.
Section 27-17-3 - Policy Provisions - Grace Period.
Section 27-17-4 - Policy Provisions - Entire Contract; Representations.
Section 27-17-5 - Policy Provisions - Incontestability.
Section 27-17-6 - Policy Provisions - Reinstatement.
Section 27-17-7 - Policy Provisions - Authorized Funeral Director or Monument Dealer.
Section 27-17-8 - Policy Provisions - Furnishing of Merchandise and Services - Generally.
Section 27-17-10 - Policy Provisions - Beneficiary.
Section 27-17-11 - Policy Provisions - Payment of Cash Benefits.
Section 27-17-12 - Policy Provisions - Waiver, etc., of Policy Terms or Conditions.
Section 27-17-13 - Policy Provisions - Nonforfeiture Benefits and Cash Surrender Values.
Section 27-17-14 - Policy Provisions - Title.
Section 27-17-15 - Applicability of Other Provisions to Chapter.